Graney & King LLC Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Graney & King LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 281 shares of the coffee company’s stock, valued at approximately $26,000.

A number of other hedge funds also recently modified their holdings of the business. Excalibur Management Corp lifted its holdings in Starbucks by 3.4% during the 4th quarter. Excalibur Management Corp now owns 10,217 shares of the coffee company’s stock worth $932,000 after buying an additional 334 shares during the period. Ausdal Financial Partners Inc. lifted its stake in shares of Starbucks by 94.6% in the fourth quarter. Ausdal Financial Partners Inc. now owns 5,055 shares of the coffee company’s stock worth $461,000 after acquiring an additional 2,458 shares during the period. Financial Engines Advisors L.L.C. boosted its holdings in Starbucks by 23.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 19,851 shares of the coffee company’s stock valued at $1,811,000 after acquiring an additional 3,771 shares during the last quarter. Summitry LLC increased its position in Starbucks by 2.8% during the 4th quarter. Summitry LLC now owns 544,407 shares of the coffee company’s stock valued at $49,677,000 after purchasing an additional 14,955 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Starbucks during the 4th quarter worth approximately $188,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $97.97 on Thursday. The company has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The company has a 50-day simple moving average of $105.61 and a two-hundred day simple moving average of $99.47.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBUX. Wedbush increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, March 18th. Finally, UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.